Investing in the Pipe and Rolled Metal Market of Ukraine

by Meifan Honcharuk
Monday, July 17, 2023
Investing in the Pipe and Rolled Metal Market of Ukraine

Zero export duties and quotas for products; opportunities for participation of foreigners in state tenders

According to Ukrainian economists, our pipe products market is one of the freest and most profitable in the world. This is due to the fact that Ukraine has never introduced "protectionism" practices in the metal industry: 0% customs duty for foreign products, no quotas or restrictions on imports. For reference, the United States has imposed a 25% import duty on steel pipes, and the European Union has also introduced a tariff-quota framework. There are no such obligations in Ukraine, and international companies work alongside Ukrainian manufacturers on the territory of our country: Vallourec, Voestalpine, Tenaris, Tianjin Pipe Corporation, DP-Master Manufacturing, Shanxi Fenglei Drilling Tools Co etc. Some of these manufacturers have even won tenders for government orders.

Metal production is one of the critical sectors of the Ukrainian economy because there is a massive deposit of necessary ores in the bowels of our country. And even under such conditions, the Ukrainian market still has a lot of room for foreign businessmen and industries. Metal products are in particular demand with the start of a full-scale war when all damaged houses, and other infrastructure facilities had to be repaired or replaced with new ones.

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